SFX Leaders Purchase Over $1.5 Million In Company Stock


Robert F. X. Sillerman Elvis Presley

Hitting the EDM financial newswire, it looks like SFX Incorporated's Robert J. Sillerman and Director Mitchell J. Slater have together purchased over $1.5 million dollars worth of their own company's stock.

According to the press release:

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"shares of SFX Entertainment (NASDAQ:SFXE) traded up 0.23% on Monday, hitting $4.36. 346,136 shares of the company’s stock traded hands. SFX Entertainment has a 52-week low of $3.52 and a 52-week high of $12.15. The stock’s 50-day moving average is $4.77 and its 200-day moving average is $6.29. The company’s market cap is $394.9 million."

This purchase currently puts Robert Sillerman, SFX's Founder and CEO, with about 1,333,000 shares in the company, valued at approximately $5,758,560. Slater now owns about 20,000 shares, with a value of $87,000.

SFX stock was initially offered at about $13 per share, and has since fallen over the past few months. Although profits have risen, SFX has been on a substantial spending spree, buying up smaller EDM related businesses with an ultimate goal of bringing together a fragmented market.

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